The paper points to a great deal of research highlighting that economic growth and strengthened property rights have a strong correlation with the well-being of the poorest.
I would agree that capitalism leads to some seemingly outrageous outcomes, but the question is not one of whether capitalism is fair, but whether there’s a better alternative. I’m yet to see compelling evidence that there is (feel free to prove me wrong though!).
Here’s an interesting (admittedly quite old) paper discussing trends in global poverty: https://pubs.aeaweb.org/doi/pdfplus/10.1257/089533003769204335
The paper points to a great deal of research highlighting that economic growth and strengthened property rights have a strong correlation with the well-being of the poorest.
I would agree that capitalism leads to some seemingly outrageous outcomes, but the question is not one of whether capitalism is fair, but whether there’s a better alternative. I’m yet to see compelling evidence that there is (feel free to prove me wrong though!).